According to Newsweek, recent high school and college graduates aren’t asking their parents for vocational and financial advice. Instead, they’re turning to their depression-era grandparents. After all, their grandparents survived a time when the American unemployment rate was 25 percent, while their parents came of age well after that devastating time and well before the recession of today.

According to Newsweek, the current crop of high school and college graduates aren’t asking their parents for vocational and financial advice. Instead, they’re turning to their Depression-era grandparents. Unemployment today is nearly 10 percent, but during the Depression it was 25 percent. People who lived through that era know what they are talking about.

Beth Kobliner, the Takeaway’s work contributor and author of “Get a Financial Life,” joined us with her father, a grandfather of six who taught her pretty much everything she knows. Dr. Harold Kobliner was born in 1929, just months before the stock market crash, and he has plenty of wisdom to offer. Read his five tips, in his own words.